Bitcoin Forum

XRP has dropped by more than 50% persent from $3.3 since January 4, it's not a decentralized coin, is there any possibility for it to move up above $2.8 since that's where I buy in. Thanks.

As usual, attahced below is an original price analysis from a Chinese analyst Kuang Ren, feel free to leave your commnets below.

Kuang Ren:
I expected a rally in XRP price before. Though almost all coins slump out of the bearish factor from South Korea, price of XRP remains almost unchanged when compared with that during last session, indicating the strong momentum from bulls. Price will continue the rally as long as there won’t be continuous bearish factors.

Original by Kuang Ren, translated and posted by AICoin Jami.

I expect it to reverse to that level in about 7 to 10 days but could happen as soon as tomorrow depending on news, announcements and how the DMM listing goes. 2hrs 40 minutes until that happens.

It will ,even move above 2.8$ but it will take more time . Ripple always have  super pump then mega dip before been stable. Once it very stable , coupled with favourable news it will moon 

the ripply pump this month was one of a kind. it was sudden and big, not the biggest though. and there were a lot of hype around it which was helping the pump to go on and become bigger and bigger.

but the main aspect of this pump was crushed when everyone started talking about how centralized ripple is and that was the final nail in the coffin. the dump began and there was no way for the pump to continue.

if the dump never came or if it could have been small we could have expected a bigger pump like last time but no longer.

It will take soblong to come back there. The only way to make you did not lose is dont sell. But buy it again and do averaging. And if it fall again buy again. And when it goes high and when you calculate it you get your money back or get small profit you sell it all and going to another alt coin which decentralised. Tbh ripple ia so centralised coin.